Amec Foster Wheeler Overview
Amec Foster Wheeler was established in the year 1982 with headquarters in London, United Kingdom. Amec Foster Wheeler operates currently in more than 55 countries such as USA, Kuwait, Saudi Arabia, New Zealand, Canada and China with almost 36,000 employees. Its diversified business is primarily focused on the oil gas & chemicals, power & process, environment & infrastructure and mining. The company offers consultancy, engineering, project management, operations and construction services, project delivery and specialized power equipment services to customers worldwide.
The company offers key services in carbon capture and storage, condition assessments, consulting, construction, decommissioning, engineering, environmental services, new build operations & maintenance, project management, sustainability services and training & development. AMEC NSS Limited, Amec Kamtech, Inc.,Stevenson & Associates SRL and Foster Wheeler LLC are its subsidiaries. Amec Foster Wheeler competes with companies such as Claxton Engineering, BP PLC., Allseas Group S.A and Aker Solutions ASA.
Strategy
Amec Foster Wheeler plans to enter numerous attractive end markets, where they can provide customers with consulting, engineering and construction services. The company sees its key strategy as delivering innovative solutions and services while minimising environmental impacts. During offshore decommissioning services, the company’s key strategy is to review their execution strategy and ensure all the project risks have been identified and has action plans in place to mitigate them. This will enable them to acquire more businesses, reduce cost base, and generate sustainable free cash flow in operations.
